August 2010

This report makes an in-depth analysis on the Development of Forestry Industry and Wood Processing Industry in China

Background of the Research

Since 1949, China has completed six national forest resources inventories. According to the result of the sixth forest resources inventory (1999-2003), there is 175 million hectares of forests, 13.618 billion of living trees accumulate, 12.456 billion cubic meters of forests accumulate, and 18.21% of forest coverage which is nearly 10% higher than 8.6% after the founding of new China. The forest area of China ranks the fifth in the world; the forests accumulate ranks the sixth in the world; the area of man-made forests is 53.2573 million hectares and ranks the first in the world.

A report published by the World Agroforestry Centre (CGIAR) has announced that one third of Indonesia’s greenhouse gas emissions from deforestation actually come from areas which are not officially designated as “forest”. This has led to concern over the success of the UN’s Reducing Emissions from Deforestation and Forest Degradation (REDD+) project if carbon output is not being measured throughout the entire country.

PCF

At the close of calendar year 2009, the Prototype Carbon Fund has 23 of 24 projects generating emission reductions and eight of the PCF’s CDM projects have issued Certified Emission Reductions. In early 2010, the PCF successfully completed its first transfer of Kyoto assets from its projects in Annex I countries.

Fund Capital ($ million) 219.8
Date Operational April 2000
Participants 22
Private % (by capital invested) 57.6

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Community Development Carbon Fund